In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a
Continue Reading The Importance to You and Your Loved Ones of Having an Estate Plan
The Law Offices of Lauren E. Jackson
We are a law practice exclusively dedicated to property related legal services. We limit our practice to: residential & commercial real estate transactions, estate planning, personal wills, estate trusts, corporate entity formation, business succession plans, estate distribution, and probate. We stand behind our integrity to provide high quality, personable and affordable legal services. We offer two convenient locations for our clients located in downtown St. Charles & the City of Elgin.
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https://laurenjacksonlaw.com/
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Winning a Homebuyer Bidding War
Who could have predicted that at one moment our country and state would shut down due to a pandemic and shortly thereafter emerge into one of the hottest real estate markets in recent memory? If you are a first-time homebuyer,…
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Breaking it Down: Generation-Skipping Transfer Tax
The following write-up was provided by Wealthcounsel.
Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against…
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Is a ‘Zestimate’ of your home accurate?
Zillow, Zillow, Zillow
The name Zillow may be a play on the word “zillions,” relating to the zillions of data points used to develop the Zestimate. Zillow also rhymes with pillow and triggers the emotions attached to homeownership.
Did you…
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Common Estate Planning Myths
Estate planning can be a very difficult process. While it’s not brain surgery, making the decision to move forward with the planning requires us to face the fact that we will not live forever. This thought can stop many people…
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What is the best way to leave assets to minor children?
What is the best way to leave assets to minor children? Well, that depends on the testator’s intentions and risk level, but there are a few options and basics to keep in mind:
In Illinois, children under age 18 may…
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The Importance to You and Your Family of Having an Estate Plan
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a…
Continue Reading The Importance to You and Your Family of Having an Estate Plan
How to own your Real Estate
Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take…
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Wealth Transfer Strategies to Consider in an Election Year
With a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is…
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Thirteen Estate Planning Terms You Need to Know
Estate planning—it is an incredibly important tool, not just for the uber-wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including…
Continue Reading Thirteen Estate Planning Terms You Need to Know